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Sustainability and Green Report www.virtusa.com Contents Company Overview 03 CEO’s Message 04 Stakeholders 05 Achievements 09 Economy 10 Campus Reach 11 Digital Reach 14 Virtusa Club 16 Code Green Report 17 The UN Global Compact Code Green 18 is a strategic policy Virtusa Asia “Code Green” Report 19 initiative for businesses that are committed to Green IT 20 aligning their operations Transportation Optimization 21 and strategies with ten universally accepted Waste Management 22 principles in the areas of Greening the Community 23 human rights, labor, environment and Direct impact of Code Green 24 anti-corruption. http://www.unglobalcompact.org www.virtusa.com US - Boston, New York UK - Windsor, London India - Hyderabad, Chennai Sri Lanka - Colombo The Netherlands - Amsterdam Hungary - Budapest Virtusa Corp Sustainability Report 2009/2010 01 SCOPE OF THE REPORT This is our second sustainability report publication, but our first to be reported in accordance to the 10 Global compact principles. The report discloses information on our company activities and significant achievements for the financial year 2009/2010 in areas ranging from economic performance, society and the environment. More information on financial and economic performances is available in our annual report on www.virtusa.com Virtusa Sustainability Report 2009/2010 02 ORGANIZATION PROFILE Headquarters Organization Profile Westborough, Massachusetts, USA Virtusa is an industry leader with a solid track record of Company software solution delivery success, as evidenced by our highly referenceable client base. We pride ourselves on Founded in 1996 delivering a measurable delta in productivity, profitability Offices and shareholder value for our clients. US, Europe and Asia Founded in 1996 and headquartered in Massachusetts, we have offices and technology centers throughout the Number of Employees US, UK and Asia. Over 3600 Mission Statement To be the partner of choice for corporation in creating competitive advantage through technology excellence. To create the conditions for professional success and quality of life for all Virtusans. To be a socially conscious and responsible corporate citizen in all countries of operation. Our Company Values Our core values form the nucleus of our corporate culture. They make up the common thread that perme- ates our entire global organization. In our fast-paced, dynamic environment, our values guide us to do the right thing in every situation: Pursuit of Excellence Expand the contours of what is possible through Pursuit of Excellence Integrity Be forthright and honest in all interactions ensuring integrity Respect Respect clients and fellow global team members Leadership Inspire others through empowerment and leadership Virtusa Sustainability Report 2009/2010 03 MESSAGE FROM THE CEO How does a sustainability project help companies in varying business climates? Our sustainability efforts are unique in creating opportunities, and bridging digital divides while simultaneously sustaining a positive social impact. Leading global companies concentrate not only on generating profit but also giving back to society. I believe our sustainability efforts provide the sound foundation our company needs to be world class. How does sustainability impact the way Virtusa approaches client projects? As a socially responsible organization, the Digital Reach, Campus Reach and Code Green initiatives sum up our sustainability efforts, and we plan on using the knowledge and experience gained thus far to increase our impact and provide better services for those that matter most to us, the future generations. We also build strong credibility with our clients because of these efforts. The recognition we receive from our clients and industry reflects the strength of our team, and Virtusans continue to be very focused on practicing and deepening our core values. That is the fabric of the organization that holds us together. These values ensure excellence in everything we do, and our clients are confident that we show the same level of concentration to giving something more to society. What are the long term benefits of corporate In just over a decade, Virtusa has developed into a global operation, sustainability? providing information technology (IT) services in consulting, technology The importance for our company to be a socially responsible implementation and outsourcing. Through the years, we have succeeded in organization ultimately builds sustainable business building trusted partnerships with our clients by using IT to improve their relationships with our clients while ensuring that we adhere to overall efficiency, agility and end customers experience. ethical strategies in sustaining our businesses. We have set high standards for ourselves within the industry and within the We are also proud to announce that we became a NASDAQ traded communities in which we operate. We look forward to building company (NASDAQ: VRTU), and joined the UN Global Compact, a strategic an enduring IT services organization with our great line of policy initiative for businesses that are committed to aligning their clients around the world, building the careers of outstanding operations and strategies with the ten universally-accepted principles in team members, promoting good corporate citizenship, human rights, labor, the environment and anti-corruption. Aligning with innovation and democratic principles, and making the this partnership, we are proud to present our first Sustainability Report in communities we work in better places to live. accordance to the Global Compact standards. We sat down with Kris Canekeratne, our Chairman and CEO to speak a few words on how Virtusa’s sustainability efforts impact the company and in turn, the global economy. Chairman and CEO Kris Canekeratne Virtusa Sustainability Report 2009/2010 04 STAKEHOLDERS Client base increased to 68 Our stakeholders are any individuals and entities who have a significant impact on our business or are affected (VRTU 55, INSRC 7, FT 6) by it. They are: • Clients • Employees • Investors 32 new clients won in FY10 • Suppliers/Vendor partners • Financial analysts • Government • NGOs • Trade Associations/Academia 36 clients continued from FY09 to FY10 • Society • Environment Academic/Industry Partnerships University of Moratuwa - Sri lanka University of Colombo - Sri lanka University of Peradeniya - Sri lanka University of Sri Jayawardenapura - Sri lanka Employees University of Kelaniya - Sri lanka University of Sabaragamuwa - Sri lanka University of Ruhuna - Sri lanka Financial Trade Uwa Wellasa University - Sri lanka Analysis Associations/academia Informatics Institute of Technology - Sri lanka Asia Pacific Institute of Technology - Sri lanka IDM - Sri lanka Sri Lanka Institute of Information Technology - Sri lanka Society Clients National Institute of Business Management - Sri lanka Sri Lanka Institute for Advance Technology Education - Sri lanka Suppliers/ Imperial Institute of Higher Education - Sri lanka vendor Environment Partners NIIT Sri Lanka Association of Software and Service Companies (SLASSCOM) – Sri Lanka NASSCOM Investors American Chamber of Commerce (AMCHAM) Hyderabad Software Exporters Association (HYSEA) – India St. Joseph College of Engineering, Chennai – India Siddhartha College of Engineering, Vijayawada, Trade Associations/academia Andhra Pradesh – India Koneru Lakshmaiah College (KLC) of Engineering, Vijayawada – India Client/Vendor Partnerships • IBM InfoSphere (DataStage) Practice • Virtusa's Microsoft SharePoint Service Offerings • Pegasystems Practice • Vignette Practice Virtusa Sustainability Report 2009/2010 05 OUR CLIENTS/CUSTOMERS ONE GLOBAL TEAM Our Clients/Customers What others say: 36% of our team members Employee Engagement Virtusa partners with some of the world’s largest financial were promoted in FY09 Through this system transformation services, communications services, and media RAVE Day we will be able to introduce and market information companies, as well as leading software companies, The RAVE Day is held quarterly to recognize and more customized products and also 14 Virtusans celebrated to deliver customized solutions that address their most reward those Virtusans who go the extra mile. RAVE initiate a novel online booking system complex business challenges. Most of our clients are Global 10 years of service awards are presented based on the RAVE points resulting in a richer user experience 1,000 members. In 2008 we expanded into new markets in the individuals receive from their colleagues. for its customers. It is a pleasure Middle East and South Asia. working with a highly motivated and Virtusa has a multi pronged dedicated team at Virtusa. Our current clients include leading global enterprises such as: approach towards Learning & • Aetna Life Insurance Company Development, which enables Virtusans Andrew Reeves • British Telecommunications plc (BT) to enhance their skills & competencies. Chief Information Officer − P&O Ferries UK • ING North America Insurance Corporation • International Business Machines Corporation (IBM) • Iron Mountain Incorporated Roshan Joseph Associate Director − Training & Development Thanks to your professionalism and • JPMorgan Chase Bank Global Update thoroughness we were well prepared. • N.A. and Thomson Healthcare Inc. Virtusa strongly believes that our employees, who On Saturday 18th July this hard work • P&O Ferries. Our Philosophy are our main stakeholders, are entitled to timely paid off and we took a big step forward To attract, retain and develop globally-savvy Virtusans who access
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